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tradingconmike
Jan 12, 2024 2:02 AM

GBPJPY → Seesaws at around 186.00 Long

British Pound/Japanese YenFXCM

Description

- GBP/JPY's modest gain reflects cautious market sentiment ahead of important UK economic releases.

- Technical analysis suggests bullish trend intact; breach above 186.00 could open path to 187.00 and 188.00 resistance levels.

- For a downward shift, sellers need to push the pair below 185.00, targeting the 183.39 low and 182.45.
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